Short Term Funding Additional Information


Volt provides further information regarding the short-term (6-month) loan facility announced on 22 January 2019

Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) provides further information regarding the short-term (6-month) loan facility announced on 22 January 2019 (see ASX announcement titled “Short Term Funding and Appendix 3Y” dated 22 January 2019).

Key terms of the loan are as follows:

Lenders RiverFort Global Capital Limited and Yorkville Advisors Global, LP
Volt Resources Ltd
Loan Face Value and Drawn Amount The Face Value of the loan or amount repayable by Volt on maturity is A$1,500,000. The amount drawn by Volt under the Facility is $1,339,286.
Interest No interest is payable under the facility.
Maturity 6 months from drawdown.
Loan Term 6 Months with the option of a 6 month extension at the Company’s election.
Convertibility This a debt instrument and there is no equity conversion option during the 6 month loan period
Security A charge over Volt Australia Ltd’s assets which are minor in Australia. The charge includes its shareholding in its 100% owned Tanzanian subsidiary Volt Graphite Tanzania plc. The security does not extend to the Tanzanian assets held by Volt Graphite Tanzania plc. A charge over Mr Asimwe Kabunga’s shareholding in Volt Resources Ltd (see Appendix 3Y lodged with ASX on 22 January 2019).

The loan was taken out in the ordinary course of business and is not considered material with regards to the Company’s current plans and activities. As disclosed in the “Response to ASX Share Price and Volume Query” announcement dated 21 January 2019, recent share price and volume movements are considered to be related to the Company’s Stage 1 Bunyu Graphite Project development progress and the status of fund raising activities in Tanzania.

For and on behalf of Volt Resources Limited

Trevor Matthews
Chief Executive Officer

For further information please contact:

Trevor Matthews – Chief Executive Officer
Tel: +61 8 9486 7788